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3808 Shane Court Ellenwood, GA 30294

4 Beds 2 Baths 1,946 sqft Built 1984

$149,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $76.57
  • 5 Days on Market
  • MLS # : 6821302
  • Updated Date : 12/24/2020 at 08:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,946 sqft
  • Baths : 2 full
Listing Agent's Description

Chip and Joanna Gaines dream find in Ellenwood! Traditional 4 Bedroom / 2 bath home nestled on a cul-de-sac lot in the lovely Chimney Ridge neighborhood. You are welcomed into the cozy light filled living room area with hardwood floors.The Breakfast kitchen boasts white cabinets, tile backsplash, and large kitchen island. Cozy master bedroom and spacious guest bedrooms.

SEE MORE

MARKET HIGHLIGHTS

  • #1 Most affordable big city (WalletHub, 2018)
  • #1 corporate relocation city (Coldwell Banker Commercial Blue Book,, 2018)
  • #1 Moving Destination in the Nation (Penske, 2018)
  • Atlanta metro's economy is worth $403 billion in Gross Metro Product and projected to grow to $426 billion in 2019 (USMayors.org, 2018)
  • Headquarters to twenty-six Fortune 500 companies: The Home Depot, UPS, Delta Air Lines, The Coca-Cola Company, SunTrust Banks, The Southern Company, AGCO, PulteGroup (Fortune, 2018/ Metro Atlanta Chamber)
  • As the largest share, Atlanta metro contributes to 69.3% of Georgia state economy i.e. Gross State Product (USMayors.org, 2018)
  • Atlanta metro has 66.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • Atlanta city attracted $1 billion venture capital in 2018. Venture capital flow has resulted in additional employment in technology areas. (USA Today, 2019).
  • #1 World’s Busiest Airport(Airports Council International, 2018)
  • Atlanta metro employment growth is at 2.1% and predicted to grow at 2.0% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 30294

ZipNIR Market*CityMarket2010Year2000201990k100k110k120k130k140k150k160k170k180k190k200kPrice in $82k209k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 30294

ZipNIR Market*CityMarket2010Year20002019 Q285090095010001050110011501200125013001350140014501500Rent in $8171509

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Chapel Hill Elementary School Primary Regular 632 39 3
Salem Middle School Middle Regular 1,095 68 3
Martin Luther King, Junior High School High Regular 1,668 93 3

Chapel Hill Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 39
3
GreatSchools Rating

Salem Middle School

  • Education Level: Middle
  • # of students: 1,095
  • # of teachers: 68
3
GreatSchools Rating

Martin Luther King, Junior High School

  • Education Level: High
  • # of students: 1,668
  • # of teachers: 93
3
GreatSchools Rating
 

$134,100$163,900$149,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$550
Property Tax -$225
Property Insurance -$65
Property Management Fees -$119
CASH FLOW
$551

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 17% of earned rent to cover both maintenance and periods of vacancy.

$149,000

PROJECTED PRICE

$1,510

PROJECTED RENT

1.01%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.05%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 8.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$45,235

INVESTMENT

$45,235

Down Payment
$37,250
Rehab Estimate
$5,750
Closing Costs
$2,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $37,250
Loan Amount $111,750
See What Happens When You Reinvest Cash Flow

17.17

YEARS SAVED

$49,971

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,510

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,489

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3003$1,3504$1,5105$1,595
$1,595
RENT COMPS ANALYSIS
  • 3808 Shane Court Ellenwood, GA 4
    • 4 beds 2 baths ∙ 1,946 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,946 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.78
    •  
  • 3631 Sapphire Court Decatur, GA 1
    • 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 1996
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.76
    •  
  • 3937 Mcgill Drive Decatur, GA 2
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1987
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.77
    •  
  • 3757 Holy Cross Way Decatur, GA 3
    • 4 beds 3 baths ∙ 1,834 Sqft ∙ Built 1982 4 beds 3 baths ∙ 1,834 Sqft ∙ Built 1982
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.74
    •  
  • 3833 Chimney Mill Trail Ellenwood, GA 5
    • 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,028 Sqft ∙ Built 1980
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.79
    •  
PROPERTY LISTING DETAILS
The Bell Team
Shakhan King
1.866.250.5610
RentVest Georgia LLC
H-75957
FIrst Multiple Listing Services ( FMLS)
MLS #: 6821302
Last Updated: 12/24/2020
support@investimateroi.com

Listings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. © 2017 First Multiple Listing Service, Inc.

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